Mystic Asset Management Inc. Has $1.65 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Mystic Asset Management Inc. raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,985 shares of the utilities provider’s stock after acquiring an additional 1,542 shares during the period. Mystic Asset Management Inc.’s holdings in NextEra Energy were worth $1,648,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC increased its stake in NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after purchasing an additional 5,409 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of NextEra Energy during the third quarter worth $406,000. Empowered Funds LLC raised its holdings in shares of NextEra Energy by 8.1% during the third quarter. Empowered Funds LLC now owns 39,735 shares of the utilities provider’s stock worth $3,359,000 after acquiring an additional 2,974 shares during the period. Atlanta Consulting Group Advisors LLC raised its holdings in shares of NextEra Energy by 6.8% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 6,976 shares of the utilities provider’s stock worth $590,000 after acquiring an additional 443 shares during the period. Finally, TrinityPoint Wealth LLC raised its holdings in shares of NextEra Energy by 2.7% during the third quarter. TrinityPoint Wealth LLC now owns 24,339 shares of the utilities provider’s stock worth $2,057,000 after acquiring an additional 642 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on NEE shares. Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. BMO Capital Markets upped their price target on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley lifted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Scotiabank increased their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.92.

NextEra Energy Trading Down 1.9 %

Shares of NYSE:NEE opened at $72.15 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 52-week low of $59.44 and a 52-week high of $86.10. The company has a 50-day simple moving average of $70.54 and a 200 day simple moving average of $75.77. The company has a market capitalization of $148.41 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.5665 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Friday, February 28th. NextEra Energy’s payout ratio is currently 67.06%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.